Sen. Bam: Ayusin ang TRAIN Law, i-rollback ang tax sa petrolyo

Date: December 06, 2018

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Sen. Bam Aquino welcomed the House of Representatives’ move to tackle measures to shelve the excise tax on petroleum under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, hoping that the Senate could follow suit and work for its complete removal.

Sen. Bam hopes that the Senate can start tackling his Bawas Presyo sa Petrolyo Bill and the minority’s Joint Resolution No. 15, which are both seeking to suspend the excise tax under the TRAIN Law and mandate the rollback of levy on fuel to December 31, 2017 rates.

“Hopefully, the Senate can follow suit and tackle these crucial measures before the end of the year,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

Sen. Bam said the passage of these measures is crucial after Malacanang decided to implement the excise tax on fuel in 2019 after initially expressing desire to suspend it.